MODALEN EIENDOM AS

4770 HØVÅG

Finances

Return on Equity

30,29 %

Current Ratio

125,95

Debt-to-Equity Ratio

−9,45

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	6 000	970 000
Net Income	−753 000	−511 000	−352 000	−1 291 000
Total Assets	21 105 000	13 111 000	11 974 000	10 666 000
Total Equity	−2 486 000	−1 906 000	−1 529 000	−1 272 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	6 000	970 000
Expenditure	47 000	58 000	42 000	1 914 000
Operating Profit	−47 000	−58 000	−36 000	−944 000
Financial Income	0	488 000	646 000	389 000
Financial Costs	706 000	941 000	962 000	736 000
Financial Balance	−706 000	−453 000	−316 000	−347 000
Earnings Before Tax	−753 000	−511 000	−352 000	−1 291 000
Tax	0	0	0	0
Net Income	−753 000	−511 000	−352 000	−1 291 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 628 000	1 399 000	272 000	132 000
Total Current Assets	13 477 000	11 712 000	11 702 000	10 534 000
Total Assets	21 105 000	13 111 000	11 974 000	10 666 000
Total Retained Equity	−3 618 000	−2 865 000	−2 354 000	−2 002 000
Total Equity	−2 486 000	−1 906 000	−1 529 000	−1 272 000
Total Long-Term Debt	23 484 000	14 873 000	13 446 000	11 230 000
Total Current Debt	107 000	144 000	57 000	707 000
Total Equity and Debt	21 105 000	13 111 000	11 974 000	10 666 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	970 000
Other Income	0	0	6 000	0
Revenue	0	0	6 000	970 000
Cost of Goods Sold	0	0	0	1 894 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	47 000	58 000	42 000	1 914 000
Operating Profit	−47 000	−58 000	−36 000	−944 000
Financial Income	0	488 000	646 000	389 000
Financial Costs	706 000	941 000	962 000	736 000
Financial Balance	−706 000	−453 000	−316 000	−347 000
Dividends	0	0	0	0
Net Income	−753 000	−511 000	−352 000	−1 291 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	7 628 000	1 399 000	272 000	132 000
Total Fixed Assets	7 628 000	1 399 000	272 000	132 000
Stock	9 753 000	7 885 000	7 371 000	7 200 000
Total Investments	3 461 000	3 639 000	4 244 000	2 471 000
Cash, Bank	89 000	188 000	0	0
Total Current Assets	13 477 000	11 712 000	11 702 000	10 534 000
Total Assets	21 105 000	13 111 000	11 974 000	10 666 000
Total Equity	−2 486 000	−1 906 000	−1 529 000	−1 272 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	23 484 000	14 873 000	13 446 000	11 230 000
Creditors	105 000	144 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	2 000	0	0	0
Total Current Debt	107 000	144 000	57 000	707 000
Total Equity and Debt	21 105 000	13 111 000	11 974 000	10 666 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,29 %	26,81 %	23,02 %	101,49 %
Debt-to-Equity Ratio	−9,45	−7,8	−8,79	−8,83
Operating Profit Margin	-	-	−600 %	−97,32 %
Current Ratio	125,95	81,33	205,3	14,9
Quick Ratio	−1,4	−1,51	−1,6	−1,62
Equity Ratio	−0,12	−0,15	−0,13	−0,12
Gross Profit Margin	-	-	100 %	−95,26 %